The key swing factor is resin cost stabilization and the impact of pricing actions on Q4 margins. Management expects significant sequential margin improvement in Q4. Monitor Q4 results for confirmation of margin recovery and whether the Infrastructure and Food & Beverage growth trends can offset flat end markets.
Price Chart
Executive Summary
Myers Industries reported Q3 2026 net sales of $171.3M, up 8.1% YoY, but GAAP EPS from continuing operations fell to $0.13 from $0.17, a 23.5% decline, driven by a 380 bps gross margin compression from a spike in resin costs and unfavorable product mix. Adjusted EPS from continuing operations was $0.32, up 3.2% YoY. The company completed the sale of Myers Tire Supply, simplified its portfolio, and expects significant sequential margin improvement in Q4. No consensus EPS or revenue estimates were provided in the filing documents, so no beat/miss verdict is assigned.
Key Financial Metrics
Key Facts
- Q3 2026 net sales $171.3M, up 8.1% YoY from $158.5M
- GAAP diluted EPS from continuing operations $0.13, down 23.5% from $0.17 YoY
- Gross margin contracted 380 bps to 27.3% from 31.1% YoY
- Operating income $14.8M, down 11.2% YoY; operating margin 8.7% vs 10.5%
- Adjusted EPS from continuing operations $0.32, up 3.2% from $0.31 YoY
- Adjusted EBITDA $26.6M, down 8.2% from $29.0M YoY; margin 15.5% vs 18.3%
- Infrastructure end market revenue grew 38% YoY; Food & Beverage grew 12%
- Industrial, Vehicle and Consumer end markets flat YoY
- Completed sale of Myers Tire Supply; proceeds $23.6M in Q3
- Net leverage ratio improved to 1.86x from 1.94x QoQ
- Free cash flow $11.5M in Q3 vs $21.8M in Q3 2025
- Loss on debt extinguishment of $3.5M from amending credit agreement
Financial Impact
GAAP EPS from continuing operations fell 23.5% YoY to $0.13; gross margin compressed 380 bps; adjusted EPS up 3.2% to $0.32. Revenue grew 8.1% but profitability declined materially.
Segment Breakdown
| Segment | Revenue | Growth |
|---|---|---|
| Industrial | $68.4M | 0.0% |
| Infrastructure | $40.8M | +38.0% |
| Consumer | $20.1M | 0.0% |
| Food & Beverage | $19.3M | +12.0% |
| Vehicle | $22.7M | 0.0% |
Risk Factors
- Resin cost volatility could persist or re-escalate, further pressuring margins
- Vehicle end market outlook downgraded to 'Down' from 'Stable'
- Free cash flow nearly halved YoY to $11.5M from $21.8M
- Loss on debt extinguishment of $3.5M from credit agreement amendment
Market Snapshot
Investment Themes
Documents Analyzed
This report is based on 6 SEC documents filed with EDGAR.
| Document | Accession Number |
|---|---|
| 8-K Filing (Primary) | 0001193125-26-436960 |
| Document: mye-20261029.htm | 0001193125-26-436960 |
| Document: 0001193125-26-436960-index-headers.html | 0001193125-26-436960 |
| Document: 0001193125-26-436960-index.html | 0001193125-26-436960 |
| Document: 0001193125-26-436960.txt | 0001193125-26-436960 |
| 8-K Data (Synthetic) | 0001193125-26-436960 |
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Oct 29, 2026 3d ago | 8-K | $30.39 | awaiting T+60 | awaiting T+60 | $29.57 (+2.70%) |
Oct 27, 2026 5d ago | Institutional Cluster | $32.20 | awaiting T+60 | awaiting T+60 | $29.57 (−8.17%) |
Oct 23, 2026 9d ago | 8-K | $32.06 | awaiting T+60 | awaiting T+60 | $29.57 (−7.77%) |
Aug 31, 2026 8w ago | 8-K | $31.20 | awaiting T+60 | awaiting T+60 | $29.57 (−5.22%) |
Jul 30, 2026 13w ago | 8-K | $32.97 $32.13 | ▼ −2.55% | ▼ −5.01% | $29.57 (−10.31%) |
May 7, 2026 25w ago | 8-K | $22.40 $36.74 | ▲ +64.02% | ▲ +60.18% | $29.57 (+32.01%) |
Mar 5, 2026 34w ago | 8-K | $22.63 $22.69 | ▲ +0.25% | ▼ −11.05% | $29.57 (+30.64%) |
US Market Status
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